A Compelling Investment Opportunity
KINDER MORGAN
Disclosure
Additional information / participants in the solicitation
Additional Information and Where to Find It - This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or
approval. The proposed transaction between KML and Pembina anticipates that the offer and sale of Pembina shares will be exempt from registration under the Securities Act of 1933,
as amended (the "Securities Act"), pursuant to Section 3(a)(10) of the Securities Act. Consequently, such shares will not be registered under the Securities Act or any state securities
laws in the U.S. In connection with the proposed transaction between KML and Pembina, KML will file an information circular and proxy statement, as well as other materials. WE
URGE INVESTORS TO READ THE INFORMATION CIRCULAR AND PROXY STATEMENT AND THESE OTHER MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KML AND THE PROPOSED TRANSACTION. Investors will be able to obtain free copies of the information
circular and proxy statement (when available) and other documents that will be filed by KML with the SEC at http://www.sec.gov, the SEC's website, or from KML's website
(www.kindermorgancanadalimited.com) under the tab "Investor Relations" and then under the heading "SEC Filings."
Participants in the Solicitation - KML, KMI and Pembina, and their respective directors and certain of their executive officers, may be deemed, under SEC rules, to be participants in
the solicitation of proxies from KML's shareholders with respect to the proposed transaction between KML and Pembina. Information regarding KML's officers and directors is included
in KML's definitive proxy statement for its 2019 annual meeting filed with the SEC on April 18, 2019. Information regarding KMI's officers and directors is included in KMI's definitive
proxy statement for its 2019 annual meeting filed with the SEC on March 29, 2019. Information regarding Pembina's officers and directors is included in the Management Information
Circular for its 2019 annual meeting of common shareholders filed with the SEC as Exhibit 99.1 to Form 6-K on March 29, 2019. More detailed information regarding the identity of
potential participants, and their direct or indirect interests, by securities holdings or otherwise, will be set forth in the information circular and proxy statement and other materials to be
filed with the SEC in connection with the proposed transaction between KML and Pembina.
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